GENERAL MATH SECOND QUARTER EXAM

NAME:_____________________________________________ SECTION:________________ SCORE:____________

1. It is the amount of money paid or earned for the use of money.

a. Interest b. rate c. term d. time
2. It is an interest that is completed on the principal and also on the accumulated past interest.
a. Simple interest b. simple annuity c. compound interest d. general annuity
3. It is the amount of money borrowed or invested on the origin date.
a. Principal b. payment c. periodic d. price
4. Person or institution that invest the money or makes the fund available.
a. Principal b. borrower. C. lender d. user
5. Person or institution that owes or avails the fund
a. Principal b. borrower c. lender d. user
6. What is the equivalent term in years if the term of the loan is 3 years and 9 months?
a. 3.5 years b. 3.83 years c. 3.75 years d. 3.167 years
7. Supposed you deposited P250, 000 in a bank at an annual simple interest rate of 25% for 3 years. What is the simple
interest?
a. P8,750.50 b.P14,204.76 c. 18,750.00 d.9,850.00
8. A bank offers a 0.40% annual interest rate for a particular deposit. What is the interest that will be earned of 1 million
pesos is deposited in this saving account for 2 years?
a. P4,000 b. P6,000 c. P10,000 d. P8,000
9. Which of the following can be used to find compound interest?
F
a. I=F-P b. Ic=P(1+r¿t c. P= c. I=Prt
( 1+ r)t
10. Which of the following will yield a higher interest?
a. Investing in a bank that offers a simple interest rate of 10% annually for 2 years
b. Investing in a cooperative that offers an interest rate of 10% compounded annually for 2 years
c. Saving money is a piggy bank for 2 years
d. Both a and b
11. The simple interest formula is I=Prt. What does t represent?
a. Principal b. time c. interest d. percent rate
12. Which of the following describes rate (r)?
a. It is the amount of money borrowed or invested on the original date
b. It is the amount paid or earned for the use of money
c. It is the charged by the lender, or rate of increase of the investment
d. It is computed in the principal and also on the accumulated past interest.
13. The principal in the formula I=Prt is __________.
a. The amount of money borrowed of deposited
b. The percent interest for his year
c. The amount taxed
d. The amount the bank owes you for being a customer at their bank.
14. Rate of interest must be converted into ________ before substituting to the formula of finding the interest.
a. fractions b. decimals c. mixed numbers d. percentage
15. The interest from the previous year also earns interest. Which of the following describes the statements?
a. Simple b. compound c. rate d. time
16. All of the following are used to find the simple interest, EXCEPT?
a.principal b. rate of interest c. time d. future value
17. Ms. Naimah borrowed P1,000,000 for the expansion of his business. The effective rate of interest is 7%. The loan is to be
repaid in full after 1 year. How much is to be paid after 1 year?
a. P1,050,000.00 b. P1,060,000.00 c. P1,070,000.00 d. 1,080,000.00
18. A bank offers 25% annual simple interest rate for a particular deposit. How much interest if P200,000 is deposited the
savings account for 2 years?
a. P300,000 b. P210,000 c. P100,000 d. P10,000
19. John deposited P20,000 in a bank that pays 0.5% simple interest. How much will be his money after 6 years?
a. P600 b. P6,000 c. P20,600 d. P26,000
20. If the investment amounting to P35,000 earned an interest of P2,500 how much will be the maturity value?
a. P32,500 b. P37,500 c. P30,000 d. P40,000
21. Given that P=P5,250, r=1.25% and t=5 years. Find the simple interest?
a. P32,812.50 b.P3,218.25 c. P328.13 d. P32.82
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22. Given that P-P10,500, r=4 % and and t=8 months, find the simple interest.
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 a. P315 b. P3,150 c. P3,780 d. P31,500
23. What is the frequency of conversion if the annual rate is compounded quarterly?
a. 2 b. 3 c. 4 d. 12
24. Given that Is= 750, r=5% and t=3 years, what is the principal or present value?
a. P50 b. P500 c. P5,000 d. P50,000
25. If F=P25,000 and P=P20,000, how much is the compound interest?
a. P45,000 b. P25,000 c. P20,000 d. P5,000
26. Express 12% into decimal.
a. 0.12 b. 1.2 c. 12.0 d. 0.012
27. Express 8 ½ % into decimal.
a. 8.5 b. 0.085 c. 0.0085 d. 0.85
28. There were 40 students in the class and 80% of them are members of mathematics club. How many are members of
mathematics club?
a. 32 students b. 31 students c. 33 students d. 30 students
29. Cyril saves P65,000 each day. If this is 20% of her daily allowance, how much is her daily allowance?
a. P320.00 b. P315.00 c. P325.00 d. P225.00
30. Which is the shorter way of writing 5x5x5x5x5x5x5?
a. 57 b. 75 c. 65 d. 56